Elanco Total Liab vs Cash And Short Term Investments Analysis
ELAN Stock | USD 17.07 0.07 0.41% |
Elanco Animal financial indicator trend analysis is much more than just examining Elanco Animal Health latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elanco Animal Health is a good investment. Please check the relationship between Elanco Animal Total Liab and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elanco Animal Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Total Liab vs Cash And Short Term Investments
Total Liab vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elanco Animal Health Total Liab account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Elanco Animal's Total Liab and Cash And Short Term Investments is 0.78. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Elanco Animal Health, assuming nothing else is changed. The correlation between historical values of Elanco Animal's Total Liab and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Elanco Animal Health are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Liab i.e., Elanco Animal's Total Liab and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Elanco Animal Health balance sheet. This account contains Elanco Animal investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Elanco Animal Health fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Elanco Animal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elanco Animal Health current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elanco Animal Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Elanco Animal reported last year Issuance Of Capital Stock of (100,000). As of the 15th of May 2024, Enterprise Value Over EBITDA is likely to grow to 23.56, while Tax Provision is likely to drop (13.7 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.6B | 2.5B | 2.5B | 2.0B | Total Revenue | 4.8B | 4.4B | 4.4B | 3.9B |
Elanco Animal fundamental ratios Correlations
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Elanco Animal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Elanco Animal fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 370.3M | 441.4M | 487.2M | 488.3M | 492.3M | 447.6M | |
Total Assets | 9.0B | 17.7B | 16.5B | 15.5B | 14.4B | 13.6B | |
Other Current Liab | 455.4M | 872.2M | 746M | 924M | 409M | 631.8M | |
Total Current Liabilities | 818.5M | 2.1B | 1.6B | 1.7B | 1.2B | 1.3B | |
Total Stockholder Equity | 5.5B | 8.5B | 7.5B | 7.3B | 6.2B | 7.6B | |
Other Liab | 228.2M | 1.3B | 1.2B | 941M | 1.1B | 780.6M | |
Net Tangible Assets | 74.5M | (4.1B) | (4.3B) | (3.5B) | (3.2B) | (3.0B) | |
Property Plant And Equipment Net | 955.3M | 1.3B | 1.1B | 999M | 1.0B | 1.1B | |
Net Debt | 2.0B | 5.6B | 5.7B | 5.5B | 5.4B | 3.5B | |
Retained Earnings | 84.3M | (477.2M) | (949M) | (1.1B) | (2.3B) | (2.2B) | |
Accounts Payable | 222.6M | 501M | 418M | 390M | 270M | 335.3M | |
Cash | 334M | 494.7M | 638M | 345M | 352M | 442.8M | |
Non Current Assets Total | 6.6B | 14.3B | 13.2B | 12.2B | 11.0B | 10.5B | |
Non Currrent Assets Other | 185M | 347.8M | 387M | 378M | 341M | 300.8M | |
Other Assets | 78.9M | 127.3M | 183M | 193M | 173.7M | 123.4M | |
Cash And Short Term Investments | 334M | 494.7M | 638M | 345M | 352M | 442.8M | |
Net Receivables | 889.9M | 1.1B | 1.0B | 1.0B | 1.0B | 955.4M | |
Good Will | 3.0B | 6.2B | 6.2B | 6.0B | 5.1B | 4.8B | |
Liabilities And Stockholders Equity | 9.0B | 17.7B | 16.5B | 15.5B | 14.4B | 13.6B | |
Non Current Liabilities Total | 2.6B | 7.1B | 7.3B | 6.5B | 6.9B | 4.7B | |
Inventory | 1.1B | 1.6B | 1.4B | 1.5B | 1.7B | 1.4B | |
Other Current Assets | 87.4M | 256.3M | 237M | 394M | 310M | 236.1M | |
Other Stockholder Equity | 5.6B | 8.7B | 8.7B | 8.7B | 8.8B | 8.4B | |
Total Liab | 3.4B | 9.2B | 8.9B | 8.2B | 8.1B | 6.0B | |
Property Plant And Equipment Gross | 955.3M | 1.3B | 2.1B | 1.7B | 1.8B | 1.4B | |
Total Current Assets | 2.4B | 3.4B | 3.3B | 3.3B | 3.4B | 3.1B | |
Accumulated Other Comprehensive Income | (173.7M) | 303M | (209M) | (392M) | (266M) | (279.3M) | |
Non Current Liabilities Other | 106.6M | 322.1M | 261M | 229M | 411M | 232.2M | |
Intangible Assets | 2.5B | 6.4B | 5.6B | 4.8B | 4.5B | 4.3B | |
Property Plant Equipment | 1.0B | 1.3B | 1.2B | 999M | 1.1B | 1.1B | |
Net Invested Capital | 7.9B | 14.6B | 13.9B | 13.1B | 12.0B | 12.1B | |
Net Working Capital | 1.6B | 1.3B | 1.6B | 1.6B | 2.2B | 1.8B | |
Short Long Term Debt Total | 2.4B | 6.1B | 6.3B | 5.8B | 5.8B | 5.3B | |
Current Deferred Revenue | 116M | 148.6M | 185M | 524M | 602.6M | 632.7M | |
Long Term Debt | 2.3B | 5.6B | 6.0B | 5.4B | 5.7B | 5.1B | |
Retained Earnings Total Equity | 84.3M | (477.2M) | (949M) | (1.1B) | (951.3M) | (903.7M) | |
Capital Surpluse | 5.6B | 8.7B | 8.7B | 8.7B | 10.0B | 8.2B | |
Short Long Term Debt | 24.5M | 554.5M | 294M | 388M | 38M | 36.1M | |
Short Term Debt | 24.5M | 554.5M | 294M | 388M | 38M | 36.1M |
Elanco Animal Investors Sentiment
The influence of Elanco Animal's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Elanco. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Elanco Animal's public news can be used to forecast risks associated with an investment in Elanco. The trend in average sentiment can be used to explain how an investor holding Elanco can time the market purely based on public headlines and social activities around Elanco Animal Health. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Elanco Animal's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Elanco Animal's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Elanco Animal's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Elanco Animal.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Elanco Animal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Elanco Animal's short interest history, or implied volatility extrapolated from Elanco Animal options trading.
Pair Trading with Elanco Animal
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Elanco Animal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Elanco Animal will appreciate offsetting losses from the drop in the long position's value.Moving against Elanco Stock
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The ability to find closely correlated positions to Elanco Animal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elanco Animal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Elanco Animal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Elanco Animal Health to buy it.
The correlation of Elanco Animal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Elanco Animal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elanco Animal Health moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Elanco Animal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elanco Animal Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Elanco Animal Health information on this page should be used as a complementary analysis to other Elanco Animal's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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When running Elanco Animal's price analysis, check to measure Elanco Animal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elanco Animal is operating at the current time. Most of Elanco Animal's value examination focuses on studying past and present price action to predict the probability of Elanco Animal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elanco Animal's price. Additionally, you may evaluate how the addition of Elanco Animal to your portfolios can decrease your overall portfolio volatility.
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Is Elanco Animal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Elanco Animal. If investors know Elanco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Elanco Animal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.71) | Earnings Share (2.65) | Revenue Per Share 8.857 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0103 |
The market value of Elanco Animal Health is measured differently than its book value, which is the value of Elanco that is recorded on the company's balance sheet. Investors also form their own opinion of Elanco Animal's value that differs from its market value or its book value, called intrinsic value, which is Elanco Animal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Elanco Animal's market value can be influenced by many factors that don't directly affect Elanco Animal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Elanco Animal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elanco Animal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elanco Animal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.